VinFast Investor Presentation Deck
V
Comparable Companies Benchmarking
2023 Revenue
Earnout Target
v/s 2022(1)
2023 Revenue Estimate
v/s 2022(2)
1
196
%
WINEAS T
145%
RIVIAN
53%
LUCID
30%
Polestar
23%
T
TEELE
Current Manufacturing Capacity (3)
300,000
1,900,00
0
||
T
WINEA $1
TEELE
150,000~110,00
RIVIAN
0
(4)
Polestar
90,000
LUCID
Number of EV Models on the Road (5)
4. Polestar's current manufacturing capacity of the Polestar 2 in 2023 is estimated based on shared capacity of Chengdu and Taizhou plants with Volvo
5. As of April 30th, 2023: VinFast (VF e34, VF 8, VF 5 and VF 9, excluding e-bus and e-scooters); Tesla (Model S, Model E, Model X and Model Y); Rivian (R1T and R1S, excluding e-delivery van); Polestar (Polestar 2); Lucid (Lucid Air)
4
>
WING A 5T
4
T
TEELE
2
RIVIAN
1
Polestar
1
40
LUCID
Note: Based on market data from S&P Capital IQ as of May 12th, 2023 in addition to public filings, brokers/industry reports and news releases for companies other than VinFast.
1. For VinFast:
2022 Revenue includes EV + ICE
2023 Revenue earnout target of US$1.875 billion as set out in business combination agreement for earnout shares issued to select VinFast employees. The VinFast management incentive earnout is not intended to be a projection or forecast. It reflects numerous assumptions concerning VinFast's anticipated future performance, including those that remain beyond
Black Spade's or VinFast's control, and that may not materialize. No reliance should be placed on the earnout as a projection or forecast about VinFast.
2. For companies other than VinFast, 2023 Revenue estimates are based on consensus estimates for 2023 per S&P Capital IQ as of May 12th, 2023
3. Measured in units of cars. Current maximum production capacity accounting for additional shifts.View entire presentation